Mutual of America Capital Management LLC Sells 11,496 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mutual of America Capital Management LLC lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 5.6% in the fourth quarter, Holdings Channel reports. The firm owned 193,737 shares of the technology company’s stock after selling 11,496 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $3,290,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at $33,000. Salem Investment Counselors Inc. lifted its stake in Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,261 shares during the last quarter. First Manhattan Co. lifted its stake in Hewlett Packard Enterprise by 89.4% in the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Pacific Center for Financial Services acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at $44,000. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPE. Evercore ISI cut their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Barclays cut their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $17.03 on Thursday. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 3.19 and a beta of 1.21. The firm’s 50-day simple moving average is $16.81 and its 200 day simple moving average is $16.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the firm earned $0.38 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.